GameStop president Tony Bartel told investors that the retailer is working closely with Microsoft, according to Joystiq.

"Definitely Xbox has said that they do support the trade-in/resale games at retail and that they want to handle communication from this point forward on that," he said.

"I think what is important to note is that all three of the consoles that have launched have now come back and they say, 'I realize the value of the buy-sell-trade model', and they have built that into their new consoles moving forward.

"We anticipate that we are going to be able to leverage that, like we leverage it on the consoles today."